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No imminent fear of Fed lift-off, continues to dominate the markets - BBH

FXStreet (Delhi) – Research Team at BBH, suggest that the overwhelming theme of no imminent Fed lift-off continues to dominate the trading environment as the US Dollar softness from weak US retail sales yesterday has carried over today.

Key Quotes

“After two Fed Governors made dovish comments recently, the WSJ piece by Hilsenrath may have added fuel to the fire. The cacophony of Fed comments can sometimes seem overwhelming, but we put the most weight on the trio of Yellen, Fischer, and Dudley. We continue to believe that the December meeting remains live, with two jobs reports yet to be seen beforehand. Recent US data have not been helpful, and so this dollar correction may have some legs still.”

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